Sushila Jagnani, New Delhi vs ITO WARD - 40(5), New Delhi

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Last updated: 17 December 2020
Quick Summary
This case involves an appeal by Mrs. Sushila Jagnani against an Income Tax Officer's addition of Rs. 95,000 to her income for the assessment year 2016-2017. The addition was made because Mrs. Jagnani failed to provide details and explain the source of her investment in intraday share transactions. The Assessing Officer noted payments of Rs. 70,000 and Rs. 25,000 made to a broker, as reflected in her bank statements, but without a satisfactory explanation of the source, the amount was added to her income.

Court :
ITAT New Delhi

Brief :
This appeal by Assessee has been directed against the Order of the Ld. CIT(A)-14, New Delhi, Dated 17.06.2019, for the A.Y. 2016-2017, challenging the addition of Rs.95,000/-.

Citation :
ITA.No.7415/Del./2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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